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now, whether superstorm sandy had an effect i can't tell you. what i can tell you is that this is a preliminary december read and all comps i'm giving you are final reads. this will change in a couple of weeks. on the surface, not a very good number. the response in the marketplace, not a huge response at this point but remember the market still trying to digest real from memory with regard to actual positives of the jobs report and it's a weekend. back to you. >> thanks a lot, rick. rick santelli. it does sort of point to a market that some argue is overly hedged. the rallies that nobody believes and firm on bad news as some say. >> the only thing i know is if you have capital losses, don't take them this year. more valuable next year. maybe that's why hewlett packard is going up. people aren't selling losers because they are worth more to sell next year against higher capital gains. >> have a great weekend. >> football. football. >> a great day. when we come back, a pair of exclusives on "squawk on the street." whirlpool ceo on jobs, the econo
now, whether superstorm sandy had an effect i can't tell you. what i can tell you is that this is a preliminary december read and all comps i'm giving you are final reads. this will change in a couple of weeks. on the surface, not a very good number. the response in the marketplace, not a huge response at this point but remember the market still trying to digest real from memory with regard to actual positives of the jobs report and it's a weekend. back to you. >> thanks a lot, rick. rick...
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Dec 8, 2012
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sandy. who knows how high we could have been if it weren't for that darn hurricane? yet the market barely blinked. yet the potential layoffs if we go over the cliff make these rearview numbers seem almost irrelevant to the market. hence the mixed performance of the averages today. sure, dow gained 81 points, but the s&p barely budged, edging up 29%. and the nasdaq actually declined .38%, led once again by the slip sliding away apple, which you know i like, but how many times during a particular show can i say i like it? so with that in mind, what's the game plan for next week? first off, perhaps the most important day of the week is monday. but not for any earnings. not for any releases. that's when we process the results of the weekend talk shows, which you now have to watch as if we were instead of watching, you know, college gameday, i'm watching like some of those other news stations -- and then of course sunday morning whoever -- you don't even pay attention -- football means nothing no
sandy. who knows how high we could have been if it weren't for that darn hurricane? yet the market barely blinked. yet the potential layoffs if we go over the cliff make these rearview numbers seem almost irrelevant to the market. hence the mixed performance of the averages today. sure, dow gained 81 points, but the s&p barely budged, edging up 29%. and the nasdaq actually declined .38%, led once again by the slip sliding away apple, which you know i like, but how many times during a...
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Dec 3, 2012
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. >>> an improving economy and superstorm sandy turn out to be a boone for the automakers. >> one automaker did not beat expectations in terms of november auto sales. the automaker who fell short of estimates was general matter, an increase of 3.4%. 2% below what the street was expecting. some important stories that came out today from the auto industry. let's start with ford. 6.5% increase. the company today raising its production in north america for the first quarter by 11% up to 750,000. the most they have produced in the first quarter since 2006. general motors may cut production of its truckline because of bloated inventory. they're at 139 day supply. you want that down around 85 day supply. bmw and mini are on track to post best u.s. sales ever. today they increased 39% for the month of november. shares of automakers, despite positive news from ford, they were all down today. so, that's the latest with the automakers. by the way, we're expecting the monthly sales pace to come in above $15 million. we'll get that number here shortly. >> interesting story there. a lot of numbers moving
. >>> an improving economy and superstorm sandy turn out to be a boone for the automakers. >> one automaker did not beat expectations in terms of november auto sales. the automaker who fell short of estimates was general matter, an increase of 3.4%. 2% below what the street was expecting. some important stories that came out today from the auto industry. let's start with ford. 6.5% increase. the company today raising its production in north america for the first quarter by 11% up...
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Dec 4, 2012
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. >> i don't think all it have it will be explainable by superstorm sandy. i think a lot of it is pulling back. you've seen the capital investment. >> we have to move on but i have to push back on one thing. are we talking about two different things? when we got downgraded the market went down hard. more than a trillion in value. >> but the market price. the market came right back and actually went to new highs not that long after that. once the knee jerk reaction was done. the market is being sensitized to it right now. and that's a good thing. >>> two companies that issued special dividends ahead of the fiscal cliff and if you're keeping score at home that's 103 companies thus far this quarter valued at more than $22 billion. so we see this continued parade of companies just coming out and issuing special dividends whether it's by debt, with debt, or cash on the balance sheet. >> the big one there, scott, is costco. last week when costco made the announcement, it was up 5%, almost 7% on the news. oracle moves their dividends up and the stock is flat to dow
. >> i don't think all it have it will be explainable by superstorm sandy. i think a lot of it is pulling back. you've seen the capital investment. >> we have to move on but i have to push back on one thing. are we talking about two different things? when we got downgraded the market went down hard. more than a trillion in value. >> but the market price. the market came right back and actually went to new highs not that long after that. once the knee jerk reaction was done....
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Dec 5, 2012
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the blame goes to superstorm sandy. goldman says the party is officially over for gold. >> starbucks at an investors conference will add 1,500 stores in the u.s. over the next five years. wait until you hear what they said about china. >> a big day in media. pandora ceo joins us live later this morning as the stock fell nearly 20% on weak guidance and netflix signs a big exclusive with disney. how much are they having to pay up for that? >>> let's deal with this big deal. as i've been telling you we'll see a lot of big deals -- i was wrong. here we are. freeport mcmoran buying not one but two companies. the combined price if you add it all together gets close to $20 billion. that does include debt. let's go through some of the details. it's somewhat complex. let's start with bigger of the two deals. freeport's purchase of plains. approximately $6.9 billion in total now. it's a cash and stock deal. .6531 shares and 39 bucks a share in cash. that adds up to $50 a share. that's a fairly significant premium when we look at
the blame goes to superstorm sandy. goldman says the party is officially over for gold. >> starbucks at an investors conference will add 1,500 stores in the u.s. over the next five years. wait until you hear what they said about china. >> a big day in media. pandora ceo joins us live later this morning as the stock fell nearly 20% on weak guidance and netflix signs a big exclusive with disney. how much are they having to pay up for that? >>> let's deal with this big deal....
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Dec 6, 2012
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sandy. find out at 8:30 a.m. eastern. and cut! very good. o geico's customer satisfaction is quite real though. this computer-animated coffee tastes dreadful. geico. 15 minutes could save you 15 % or more on car insurance. someone get me a latte will ya, please? >>> welcome back to "squawk box" everyone. the futures right now are at this point right around the flat line. we had seen the dow futures up by 15 points or so, it's come back down but probably a lot of people waiting to see what happens in washington because it's been driving trading for several weeks. >>> honda is expecting within two years it will export more vehicles than it imports from japan. the company says the factories will take on a larger role in global product development at that point. >>> all right, i've been wanting to ask larry some specific questions and i'm going to do it now because actually some of the stuff you talk about doug oberhelm, you teach economics, you're an economic sage so the mantra and we heard it
sandy. find out at 8:30 a.m. eastern. and cut! very good. o geico's customer satisfaction is quite real though. this computer-animated coffee tastes dreadful. geico. 15 minutes could save you 15 % or more on car insurance. someone get me a latte will ya, please? >>> welcome back to "squawk box" everyone. the futures right now are at this point right around the flat line. we had seen the dow futures up by 15 points or so, it's come back down but probably a lot of people...
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Dec 3, 2012
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some of that is attribute knowledge to superstorm sandy. an estimated quarter million vex were destroyed. those numbers will be out this morning. it would only say that it is speaking to, quote, interested parties. but delta air lines is involved in those sdgzs. virgin is the second largest airline at heath row. >>> and lenny dykstra will be sentenced today. he was found to have hidden and stole sports memorabilia other items that were supposed to be part of a bankruptcy filing. >>> the game of political chicken, we were looking to rise above the partisan politics and trying to get something done. david walker, ceo of the america comeback initiative, steve mcmahon, co-founder of purple strategies, you guys have been on for a while and we've talked about a lot of things. steve, just 1:30 ag ago, you made a point talking about the bush tax cuts. and i said the tax cuts have been near and dear and you said at least bush was smart enough to know that we couldn't afford them so they were sunseted. >> so they were sunseted. >> that may happen. in
some of that is attribute knowledge to superstorm sandy. an estimated quarter million vex were destroyed. those numbers will be out this morning. it would only say that it is speaking to, quote, interested parties. but delta air lines is involved in those sdgzs. virgin is the second largest airline at heath row. >>> and lenny dykstra will be sentenced today. he was found to have hidden and stole sports memorabilia other items that were supposed to be part of a bankruptcy filing....
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Dec 7, 2012
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the job numbers are expected to be depressed by superstorm sandy. >>> we'll get instant analysis when the report comes out. >>> plus, a motor city makeover. >> what does opportunity look like? it looks like detroit. >> guest host dan gilbert on his efforts to revitalize detroit as the third hour of "squawk box" begins right now. >>> welcome back to "squawk box" here on cnbc. first in business worldwide. i'm joe kernen along with becky quick and steve liesman and andrew ross sorkin is off for one more day. our guest host dan gilbert, founder of quicken loans and owner of the cleveland cavaliers. we'll talk about a lot this hour but the big 50 is the november jobs report. it comes out at 8ky there. the dow jones news wire poll of forecasters, we thought this was so interesting we wanted to get a reaction shot of you. did you see how long you were on? we wanted you to -- we wanted a lot -- we wanted angst, we wanted suspense and disappointment. >> how did i do? >> i don't know. we were waiting for something. >> i didn't know i was on. >> you were. the button was stuck. the economy likely
the job numbers are expected to be depressed by superstorm sandy. >>> we'll get instant analysis when the report comes out. >>> plus, a motor city makeover. >> what does opportunity look like? it looks like detroit. >> guest host dan gilbert on his efforts to revitalize detroit as the third hour of "squawk box" begins right now. >>> welcome back to "squawk box" here on cnbc. first in business worldwide. i'm joe kernen along with becky...
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it's likely that superstorm sandy skewed the numbers, perhaps dramatically. economists at deutsche bank expect only 25,000 jobs added after they studied the hurricane effe effects on jobs. it was difficult for the labor department to collect data during and after that storm. in today's report, we'll watch four sectors hardest hit by the storm, manufacturing, retail, leisure and hospitality and temporary help industries. mark sandy said aside from the storm the job market turned in a good performance for the month. this simpreis impressive given uncertainty created by the presidential election and the fast-approaching fiscal cliff. except for sandy, jobs would have been doing better, and sandy is seen as a temporary factor. >>> another usual factor, the layoffs and strikes from hostess. hostess filed for bankruptcy last month. want to bring you up to speed on facebook. facebook moving up. the social network will be listed on the nasdaq 100 next week and could be added to the s&p 500 very soon. shares are down nearly 30% since the ipo. but with the market value
it's likely that superstorm sandy skewed the numbers, perhaps dramatically. economists at deutsche bank expect only 25,000 jobs added after they studied the hurricane effe effects on jobs. it was difficult for the labor department to collect data during and after that storm. in today's report, we'll watch four sectors hardest hit by the storm, manufacturing, retail, leisure and hospitality and temporary help industries. mark sandy said aside from the storm the job market turned in a good...
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because of superstorm sandy. you didn't have hiring, people getting jobs in the northeast because during that time the last month or so. >> jack welch right now, they went up after the election. >> those chicago people. >>> all morning we've been following major developments in both syria, in egypt and syria there are new fears that they could unleash nerve gas on some of the rebels. that's a report from nbc news, that syria is loading the component chemicals. cnn has not confirmed that report yet. egypt, protoasters have started to gather outside the presidential palace in cairo. lots of anger building after the new president gave himself extra powers. the protests were very violent last night. the clashes killed at least five people. nic burns, former u.s. ambassador to nato, now a professor of foreign relations. cnn on monday reported that the syrian forces, battling the rebels, had started combining the chemicals that could be used to make the deadly sarin gas. on wednesday we had that nbc report that syria i
because of superstorm sandy. you didn't have hiring, people getting jobs in the northeast because during that time the last month or so. >> jack welch right now, they went up after the election. >> those chicago people. >>> all morning we've been following major developments in both syria, in egypt and syria there are new fears that they could unleash nerve gas on some of the rebels. that's a report from nbc news, that syria is loading the component chemicals. cnn has not...
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Dec 10, 2012
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scholar's is one of hundreds of new york schools damaged by superstorm sandy. gone are the plays in this auditorium. ♪ >> this is our grand piano, or was our grand piano. these were brand new curtains that we fought for years to get. they're still wet. >> reporter: the sea wolves marching band and the winning teams silent for now. the instruments and uniforms flooded in sewage. the gym now a construction zone. >> hey, guys, thank you for your hard work. >> reporter: this school's 1,100 students are being bussed to temporary schools like ps-13. >> we have students on the stage. they have the conference rooms, everything. we're using every single space in the room. we had little nooks. they're in nooks everywhere. >> reporter: honor student ryan panetta lost his home to sandy and his school. he told us what scholars' means to him. >> it was just fun to be there. like made kids actually like want to learn. >> reporter: fred is working to fix the school where his father worked and where he studied. he dreams his son will go there one day too. >> it's the best hig
scholar's is one of hundreds of new york schools damaged by superstorm sandy. gone are the plays in this auditorium. ♪ >> this is our grand piano, or was our grand piano. these were brand new curtains that we fought for years to get. they're still wet. >> reporter: the sea wolves marching band and the winning teams silent for now. the instruments and uniforms flooded in sewage. the gym now a construction zone. >> hey, guys, thank you for your hard work. >> reporter:...
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superstorm sandy, a number of labor disputes. the fiscal cliff. we were expecting the number to go up from 7.9 to 8%. went down to 7.7. a number of economists, created 146,000 jobs, so before you opine on the report, how accurate and reliable do you feel this report was? >> well, first of all, i think it's important to know there were downward revisions to the past two months, which makes the trend not look as good. it's also important to note that anywhere between 50 to 100,000, which about 86,000 were affected by the storm, is not considered significant in this report. so again, you're not necessarily capturing it also on the 7.7%, that survey was taken very earlry in the month. a week earlier than the establishment survey. the household survey was take b on monday november 5th, a few days later, we had the nor'easter. the secondary storm that hit the northeast and caused insult to energy injury on many and that was not captured in that unemployment survey, so i think that although they say it didn't affect it, they also don't, did have a major
superstorm sandy, a number of labor disputes. the fiscal cliff. we were expecting the number to go up from 7.9 to 8%. went down to 7.7. a number of economists, created 146,000 jobs, so before you opine on the report, how accurate and reliable do you feel this report was? >> well, first of all, i think it's important to know there were downward revisions to the past two months, which makes the trend not look as good. it's also important to note that anywhere between 50 to 100,000, which...
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Dec 8, 2012
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. >>> hiring picked up last month despite the wrath of superstorm sandy. let's dig inside these numbers. can you see that 40% of the unploimd employed have within out of work for six months or longer, something we need to fix and something else we need to fix, the underemployment rate, 14.4%. those are people who are out of work or working part time and would like to be working full time. again, another number we have to fix. i want to show you where the jobs, are pretty important to look at. 53 retail jobs added, likely holiday hiring, no question, but some of these will be temporary jobs and not all of them are paying benefits or full-time. looking further, can you see professional and business services, 43,000 jobs created there. the government pointing out computer system analyst and related industries very, very strong job growth there. another reason why stem pays. this is the trend because we always look at these numbers in, you know, context for where we've been. the recession, millions of jobs lost and here is what we've been doing month after mon
. >>> hiring picked up last month despite the wrath of superstorm sandy. let's dig inside these numbers. can you see that 40% of the unploimd employed have within out of work for six months or longer, something we need to fix and something else we need to fix, the underemployment rate, 14.4%. those are people who are out of work or working part time and would like to be working full time. again, another number we have to fix. i want to show you where the jobs, are pretty important to...
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Dec 2, 2012
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infrastructure, superstorm sandy caused overwhelming devastation and exposed dangerous flaws in u.s. infrastructure. coming up next, i'll tell you how investing in infrastructure will not only help get the power back on faster after the next storm but could be the key to jobs and the boom we've all been waiting for. you are watching "your money" on cnn. ♪ ♪ [ male announcer ] everyone deserves the gift of all day pain relief. this season, discover aleve. all day pain relief with just two pills. in that time there've been some good days. and some difficult ones. but, through it all, we've persevered, supporting some of the biggest ideas in modern history. so why should our anniversary matter to you? because for 200 years, we've been helping ideas move from ambition to achievement. and the next great idea could be yours. ♪ >>> americans in the path of superstorm sandy know that investing in infrastructure will help protect against storms. as i've said investing in infrastructure is one of the best things we can could to protect ourselves from economic storms as well. american inf
infrastructure, superstorm sandy caused overwhelming devastation and exposed dangerous flaws in u.s. infrastructure. coming up next, i'll tell you how investing in infrastructure will not only help get the power back on faster after the next storm but could be the key to jobs and the boom we've all been waiting for. you are watching "your money" on cnn. ♪ ♪ [ male announcer ] everyone deserves the gift of all day pain relief. this season, discover aleve. all day pain relief with...
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Dec 7, 2012
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and how does superstorm sandy figure into all of this? >>> plus, come on, santa, this is what this man wants for christmas. can you believe this billboard? all i want for christmas is latina girlfriend. smart latinas will see this and run like the wind to get way from this man. we'll talk about that, straight ahead. with a tablet in sydney... a desktop in zurich... and a telepresence room in brazil. the secure cloud helped us get some numbers from my assistant's pc in new york. and before i reached the top, the board meeting became a congrats we sold the company party. wait til my wife's phone hears about this. [ cellphone vibrating ] [ female announcer ] with cisco at the center, working together has never worked so well. starts with ground beef, unions, and peppers baked in a ketchup glaze with savory gravy and mashed russet potatoes. what makes stouffer's meatloaf best of all? that moment you enjoy it at home. stouffer's. let's fix dinner. plays a key role throughout our lives. one a day women's 50+ is a complete multivitamin designed
and how does superstorm sandy figure into all of this? >>> plus, come on, santa, this is what this man wants for christmas. can you believe this billboard? all i want for christmas is latina girlfriend. smart latinas will see this and run like the wind to get way from this man. we'll talk about that, straight ahead. with a tablet in sydney... a desktop in zurich... and a telepresence room in brazil. the secure cloud helped us get some numbers from my assistant's pc in new york. and...
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Dec 7, 2012
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the white house is questioning $60.4 billion for states affected by superstorm sandy. mary snow how as the unbelievable story of one man whose home survived the storm's wrath, but not what came next. >> reporter: you see one mangled home after another. this area was so hard hit, that residents are only allowed back in every three days to reclaim their possessions. that's a lot more than one man got after he returned home to find out that his home had been bu bulldozed, and he had not had the chance to reclaim anything. >> this is what you came home to two weeks after the storm. >> nick expected devastation, but not this. a seatcushion is all that's left of his family's summer home. two weeks after sandy, maria and his neighbors were finally allowed back into the area. but his house had been bulldozed. >> everyone else was here that week, that day, and i felt like a lost soul. everybody is taking clothing out, bringing their luggage, taking pictures out, whatever they could stuff in, and i had nothing to take. that was a shock. >> a long with shock came frustration over
the white house is questioning $60.4 billion for states affected by superstorm sandy. mary snow how as the unbelievable story of one man whose home survived the storm's wrath, but not what came next. >> reporter: you see one mangled home after another. this area was so hard hit, that residents are only allowed back in every three days to reclaim their possessions. that's a lot more than one man got after he returned home to find out that his home had been bu bulldozed, and he had not had...
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Dec 5, 2012
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he quantified the numbers by superstorm sandy. quote, superstorm sandy wreaked havoc on the job market in november, slicing an estimated 86,000 jobs from payrolls. >>> a quick market check right now, u.s. stock futures are still higher. fiscal cliff uncertainty is expected to weigh on stocks until that's resolved. we are 27 days until the fiscal cliff but there are only 27 days left until christmas. >>> before you part with your hard-earned money, some advice for smart is the new rich. some of the best things to buy in december, toys. but only if you wait until two weeks before christmas. tools and hardware. this is the time to buy school driver sets, lawn care tools, cooking and kitchenware. c cutl cutlery. things to stay away from, jewelry. you won't find low prices before gems and jewels before christmas. if you're going to propose wait until well after valentine's y day. electronics. best to wait until january or february. it's all about the bottom line, roland. newer models launched in later february, january. that's when you
he quantified the numbers by superstorm sandy. quote, superstorm sandy wreaked havoc on the job market in november, slicing an estimated 86,000 jobs from payrolls. >>> a quick market check right now, u.s. stock futures are still higher. fiscal cliff uncertainty is expected to weigh on stocks until that's resolved. we are 27 days until the fiscal cliff but there are only 27 days left until christmas. >>> before you part with your hard-earned money, some advice for smart is the...
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Dec 4, 2012
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he wants fema to reimburse the state for 100% of its emergency costs following superstorm sandy. the total? nearly $40 billion. >>> we've heard the controversy surrounding the food stamp program. another politician is taking the challenge to see what it's like for other people who rely on it. newark mayor cory booker is pledging to live off food stamps for one week, joining other celebrities like mario batali, colorado governor john hickenlooper, philadelphia mayor michael nutter and representative robert brady. joining me now is sister simone campbell. thank you, sister, for joining us this morning. >> glad to be with you, carol. >> i wondered what you felt about mayor booker's exercise. what do you think? is he doing the right thing? >> i think anything that brings attention of ordinary folks to the struggle of people, low-income neem our society, this probably is a step forward. i think he will find it quite challenging. when we were in milwaukee during a tour, our bus tour, we discov discovered a man and his wife and two kids who used food stamps for breakfast and lunch durin
he wants fema to reimburse the state for 100% of its emergency costs following superstorm sandy. the total? nearly $40 billion. >>> we've heard the controversy surrounding the food stamp program. another politician is taking the challenge to see what it's like for other people who rely on it. newark mayor cory booker is pledging to live off food stamps for one week, joining other celebrities like mario batali, colorado governor john hickenlooper, philadelphia mayor michael nutter and...
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Dec 8, 2012
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president obama asked congress for $60 billion for states affected by superstorm sandy. the request comes at a time when lawmakers are arguing how every dollar is spent. >>> our fourth story "outfront," an historic announcement. the supreme court decided today it will hear two constitutional challenges to same-sex marriage laws. if the court were to follow public opinion, the decision could come down in favor of gay and lesbian couples. recent polling shows 53% of americans think same-sex marriage should be legal. 46% say illegal. and on election day, voters in three states approved same-sex marriage. "outfront," mckay coppins, tim carney and maria cardona, cnn contributor and democratic strategist. this is kind of big news in all of this. tim, you saw the polls. now the supreme court will get involved in this. should this signal something to the republican party? should they say it's reached this level, we need to rethink our position on this? >> polls are one thing. there's also the fact most states don't have gay marriage yet and most of those that do, it was not put
president obama asked congress for $60 billion for states affected by superstorm sandy. the request comes at a time when lawmakers are arguing how every dollar is spent. >>> our fourth story "outfront," an historic announcement. the supreme court decided today it will hear two constitutional challenges to same-sex marriage laws. if the court were to follow public opinion, the decision could come down in favor of gay and lesbian couples. recent polling shows 53% of americans...
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Dec 4, 2012
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sandy. christie heads to washington on thursday to meet with federal officials. you know, parts of the new jersey coastline, complete devastated by this powerful storm. you know, governor christie estimates that sandy caused upwards of $20 billion of damages. >>> and the atlanta journal-constitution with more information about dozens of children and adults that were sickened by carbon monoxide poisoning at the local school there. at least 49 people were sent to the hospital yesterday. take a look at this. fire officials believe the heating system failed there. finch elementary had no carbon monoxide detectors, either. which, i guess, they're not required in georgia. and many parents complained they were left in the lurch because of poor communication. soledad o'brien will talk to a student, a parent and also a school official. so we'll get lots of sides there. >> also coming up, amazement and dismay. that's how fedex's ceo is describing the fiscal cliff crisis. i sat down with fred smith. he
sandy. christie heads to washington on thursday to meet with federal officials. you know, parts of the new jersey coastline, complete devastated by this powerful storm. you know, governor christie estimates that sandy caused upwards of $20 billion of damages. >>> and the atlanta journal-constitution with more information about dozens of children and adults that were sickened by carbon monoxide poisoning at the local school there. at least 49 people were sent to the hospital yesterday....
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Dec 7, 2012
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we thought -- we were going to have the effects of superstorm sandy. we thought we were going on have some of the effects of the fiscal cliff affecting consumer confidence. investment behavior. so given those two plus the hostess strike and shutdown, you know, this is a -- these are -- it tracks the 146,000 new jobs over the month. tracks the average that we have been seeing over this past year. actually 2011. but however, though, you know, that's right at that level, that threshold, that you have to have just to keep make ends meet. so when you turn to the household survey, that, you know, unemployment rate falling to 7.7%. it is not because people are getting lots of jobs. it is because people have been leaving the labor important, because we are -- we have been treading along in the second gear at this 140,000, 150,000 new jobs per month. >> labor force, you believe, is shrinking. let's -- >> yeah. this report -- this report showed it shrank again and over the last 12 months it shrank and i believe even people have been talking about we are at 20, 3
we thought -- we were going to have the effects of superstorm sandy. we thought we were going on have some of the effects of the fiscal cliff affecting consumer confidence. investment behavior. so given those two plus the hostess strike and shutdown, you know, this is a -- these are -- it tracks the 146,000 new jobs over the month. tracks the average that we have been seeing over this past year. actually 2011. but however, though, you know, that's right at that level, that threshold, that you...
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. >>> lawmakers are listening to responses of superstorm sandy. they are going to demand more funds for the cleanup. this is the third of four hearings scheduled. >>> and in houston, a history making mission to the international space station. scott kelly, the american astronaut, will speak about his next launch. if all goes as planned, it will set the longest record for a space mission for an american. we'll see what he's saying. "newsroom" starts right now. >>> good morning. thank you so much for being with us. i'm carol costello. this should be interesting. speaker john boehner is meeting with house republicans who are angry at his new pitch to raise 8$800 million in fiscal cliff negotiations. we're expecting a news conference any minute now on that meeting. we'll bring it to you live. nancy pelosi spoke about it a few hours ago. here's what she had to say. >> i would hope that that would break the fall on the cliff, which is becoming more of a soil if they do that but really, we do need to put a down payment, not just in revenues which passing
. >>> lawmakers are listening to responses of superstorm sandy. they are going to demand more funds for the cleanup. this is the third of four hearings scheduled. >>> and in houston, a history making mission to the international space station. scott kelly, the american astronaut, will speak about his next launch. if all goes as planned, it will set the longest record for a space mission for an american. we'll see what he's saying. "newsroom" starts right now....
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he wants fema to reimburse the state for 100% of its emergency costs following superstorm sandy. fema generally reimburses states in the ballpark of 75% of costs following disasters like this. the governor says cleaning up and repairing new jersey after the superstorm could cost nearly $40 billion. >>> an extramarital affair ended his stellar career of public service. but not so long ago there was some serious talk that general david petraeus might run for president. some of that talk apparently even came from the top at fox news. washington post bob woodward writes about some private recordings in which fox news analyst k.t. mcfarland meeting with general petraeus in afghanistan in the spring of last year delivered a personal message from roger ales. >> he says if you're offered chairman, take it. if you're offered anything else, don't take it, resign in six months and run for president. okay. i know you're not running for president. but at some point when you go to new york next, you may want to just chat with roger and rupert -- >> well, rupert, look, what i have told people i
he wants fema to reimburse the state for 100% of its emergency costs following superstorm sandy. fema generally reimburses states in the ballpark of 75% of costs following disasters like this. the governor says cleaning up and repairing new jersey after the superstorm could cost nearly $40 billion. >>> an extramarital affair ended his stellar career of public service. but not so long ago there was some serious talk that general david petraeus might run for president. some of that talk...
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sandy and then potentially to prepare for future storms. >>> at least 49 elementary school students and adults had to be rushed to an atlanta hospital today because of a carbon monoxide leak. here is the thing. firefighters discovered the highest levels they have ever recorded of the deadly gas near the school's furnace. listen to the firefighter. >> obviously with carbon monoxide, the danger is going to be an affix ant, it could stop people from breathing. these children have been in the classroom since 7:30. our readings in the classroom were not quite as high as our reading at 1700 was near the actual furnace area. >> want to bring in george howell here. you brought in what i can only presume is a carbon monoxide detector. tell me about it and were there any of these in the school? >> this say professional carbon monoxide detector. this is what we use here at the cnn center. this will run you a couple thousand dollars. couple thousand of dollars for this. it is important to check. but for your home, $17. $17 is all it takes to get one of these in your home, to monitor for carbon
sandy and then potentially to prepare for future storms. >>> at least 49 elementary school students and adults had to be rushed to an atlanta hospital today because of a carbon monoxide leak. here is the thing. firefighters discovered the highest levels they have ever recorded of the deadly gas near the school's furnace. listen to the firefighter. >> obviously with carbon monoxide, the danger is going to be an affix ant, it could stop people from breathing. these children have...
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superstorm sandy, labor turmoil at hostess and business uncertainty because our elected officials won't get their act together and deal with the fiscal cliff. brace yourself for a job number that could be even lower than the already weak forecast. i hope i am wrong about that. from the cnn money newsroom in new york, i'm ali velshi. that's it from me. same time tomorrow. i plugged in snapshot, and 30 days later, i was saving big on car insurance. with snapshot, i knew what i could save before i switched to progressive. the better i drive, the more i save. i wish our company had something this cool. you're not filming this, are you? aw! camera shy. snapshot from progressive. test-drive snapshot before you switch. visit progressive.com today. plays a key role throughout our lives. one a day men's 50+ is a complete multivitamin designed for men's health concerns as we age. it has 7 antioxidants to support cell health. one a day men's 50+. it has 7 antioxidants to support cell health. social security are just numbers thinkin a budget.d... well, we worked hard for those benefits. we earned t
superstorm sandy, labor turmoil at hostess and business uncertainty because our elected officials won't get their act together and deal with the fiscal cliff. brace yourself for a job number that could be even lower than the already weak forecast. i hope i am wrong about that. from the cnn money newsroom in new york, i'm ali velshi. that's it from me. same time tomorrow. i plugged in snapshot, and 30 days later, i was saving big on car insurance. with snapshot, i knew what i could save before i...
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one is superstorm sandy took a lot of cars off the road. it really reduced demand for gasoline as you know. until recently there have been a number of gas stations in the northeast still without gas. people after realizing they weren't going to have as easy a time getting gas decided to make other plans it the storm itself took some roads out and took some people off the road. number two, there were some refinery issues in california going on at the same time. they've been resolved. that's put more gasoline online. the third thing, this one's important, crude oil prices, which are really the underlying feedstock for gasoline, crude oil prices have remained low. as we are concerned about the fiscal cliff and a slowdown in the world's economy and in asia and in europe. so these are the three factors that have come together to give us a sustained drop in the price of gasoline almost over the last three weeks, wolf. >> is this a short-term development? what's in store over the longer term? >> we're into that lower driving season. obviously, spr
one is superstorm sandy took a lot of cars off the road. it really reduced demand for gasoline as you know. until recently there have been a number of gas stations in the northeast still without gas. people after realizing they weren't going to have as easy a time getting gas decided to make other plans it the storm itself took some roads out and took some people off the road. number two, there were some refinery issues in california going on at the same time. they've been resolved. that's put...
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sandy. senators from new york, rhode island, connecticut and delaware testified before the committee on the challenges their constituents face in the aftermath of the storm and what's needed to move forward. >> good morning, everyone. thank you for joining us for this very important hearing on the response and recovery and the challenges before us to superstorm san joaquin. -- with sandy. we're here today to evaluate the response and recovery effortings in the aftermath of hurricane sandy which struck the northeastern united states on october 29, as the largest-sized storm system in u.s. history. hurricane sandy claimed the lives of more than 120 americans, destroying over 340,000 homes. and over 2 hub,000 businesses and leaving more than 8.5 million families without power, heat or running water for weeks. and i understand in a few neighborhoods and in a few buildings in new york and new jersey that still is the case. the scale of this disaster has created significant housing and transportat
sandy. senators from new york, rhode island, connecticut and delaware testified before the committee on the challenges their constituents face in the aftermath of the storm and what's needed to move forward. >> good morning, everyone. thank you for joining us for this very important hearing on the response and recovery and the challenges before us to superstorm san joaquin. -- with sandy. we're here today to evaluate the response and recovery effortings in the aftermath of hurricane sandy...
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sandy. >> thank you for joining us. i would like to understand better an aspect of the review. the question that i have arises from the interest-rate assumptions and the environment that is used to determine the prevailing view about the value of the mutual mortgage insurance fund. more specifically, you observe the fact that, the lower the interest-rate environment, -- he walked through the mechanisms by which lower interest rates, while good for the economy overall, tend to have an adverse affect on the fund. my understanding is the review contemplates a low interest-rate environment. in that environment, the value of the fund is -$31 billion. are we in a low interest rate environment today? maintaining current policy a least three years or so should that be the prevailing environment assumption? >> you make a very important point in terms of the fact that the review was done not today but at a point with economic projections in july, over the summer. it is accurate that interest rates hav
sandy. >> thank you for joining us. i would like to understand better an aspect of the review. the question that i have arises from the interest-rate assumptions and the environment that is used to determine the prevailing view about the value of the mutual mortgage insurance fund. more specifically, you observe the fact that, the lower the interest-rate environment, -- he walked through the mechanisms by which lower interest rates, while good for the economy overall, tend to have an...
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after superstorm sandy guess what he wanted money from? the federal government. he is entitled to seventies 5% of cost and repairs, et cetera. he didn't ask for 75%. >> i am requesting that the federal government exercise its discretion: >> cenk: what happened, chris? you don't want to feel entitled to that, do you? you don't need no stinking federal government. that's a honedout, man so pull up your belt if you can. that's wrong. glass house, but number one, ok, so chris christie, here we go, i'm going -- wait a minute. while i was away, apparently this happened on the "young turks." >> chris christie, from the "young turks," we wish you a very very happy thanksgiving and say to you governor christie for the rest of 2012, we will not utter an ill word about you and we look forward to 2013. >> cenk: i can't drop the elbow. i've got to give him a pardon for the rest of the year. why did you do that? we'll put somebody else in the middle of the ring. who was also an absurd makeup? well, rush has got a different theory on what happened to lee von belcher. >> can we
after superstorm sandy guess what he wanted money from? the federal government. he is entitled to seventies 5% of cost and repairs, et cetera. he didn't ask for 75%. >> i am requesting that the federal government exercise its discretion: >> cenk: what happened, chris? you don't want to feel entitled to that, do you? you don't need no stinking federal government. that's a honedout, man so pull up your belt if you can. that's wrong. glass house, but number one, ok, so chris christie,...
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scenes like this from superstorm sandy could become more common according to the national oceanic and atmospheric administration. devastating flooding from a hurricane is only indication what will come from future storms. scientists predict global sea levels will rise eight inches to 6.6 feet before the end of the century. atlantic coast is on thin ices are water levels rising average rate of 1 1/2 inches per decade. david: we've got to be a little careful with some of that because other people disagree dramatically with those figures. what you're looking at now is somebody getting a flu shot and if you're looking for a free flu shot, well you can trade in your gun. the city of worcster, massachusetts, is having a goods for guns buyback program. tomorrow you can bring in your unwanted, unloaded guns over to police headquarters, and in return you will get a free flu shot. big deal, and a gift certificate for wegman's grocery stores for 25 bucks. value of the certificate is depending on guns you trade in. the gu
scenes like this from superstorm sandy could become more common according to the national oceanic and atmospheric administration. devastating flooding from a hurricane is only indication what will come from future storms. scientists predict global sea levels will rise eight inches to 6.6 feet before the end of the century. atlantic coast is on thin ices are water levels rising average rate of 1 1/2 inches per decade. david: we've got to be a little careful with some of that because other people...
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what does that say abo the money from superstorm sandy and how will be used? the governors have asked for more money than ever in dealing with the aftermath of the storm or method is the same thing all over again. what governor cuomo is doing is focusing on a big number. $42 billion that he wanted from washington. he really has no idea what the damages and how much it will cost to fix the system -- the signal system in the subways. they really won't know anyone have any idea any idea how much it will really need until later. gerri: it is a guessing game. >> exactly. the local and state politicians thk of this is free ney and they don't spend itwell. gerri: i saw the list that andrew cuomo requested and he wanted everything but a pony. [laughter] >> new york city is paying hundreds of dollars per night for empty hotel rooms. it's free money, as mhael said. that is the kind of attitude where nobody really tches. everybody assumed someone else is going to pay later. but we all payecause the cost of living is reflected in the way govnment wastes money. gerri: amen
what does that say abo the money from superstorm sandy and how will be used? the governors have asked for more money than ever in dealing with the aftermath of the storm or method is the same thing all over again. what governor cuomo is doing is focusing on a big number. $42 billion that he wanted from washington. he really has no idea what the damages and how much it will cost to fix the system -- the signal system in the subways. they really won't know anyone have any idea any idea how much...
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ashley: superstorm sandy causing devastation for many americans. massive power outages sparked a booming business for one wisconsin company. jeff flock has more. jeff: whenever there is a huge economic recovery in this country, this is what it will look like. this is a company that makes generators like no other. they have more of the backup generator market in this country than all the other competitors combined. despite the fiscal cliff, you are in a massive upswing. >> we are. demand for our products has been tremendous. obviously, that comes from the outages we have experienced as a country. it has put a lot of demand out there for our product. jeff: these are the alternators that go inside the generators for those of you who maybe do not remember their high school physics. the bottom line is, you have a huge market for this right now. >> we do. a rich market today. there are a lot of hustled out there that could use a product like this. jeff: take a walk with me, i want to say people briefly. this plan. this is a massive plant. you cannot hire
ashley: superstorm sandy causing devastation for many americans. massive power outages sparked a booming business for one wisconsin company. jeff flock has more. jeff: whenever there is a huge economic recovery in this country, this is what it will look like. this is a company that makes generators like no other. they have more of the backup generator market in this country than all the other competitors combined. despite the fiscal cliff, you are in a massive upswing. >> we are. demand...
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superstorm sandy having an impact as well. customers in the northeast headed to dealerships with insurance checks in hand giving them so-called wealth effect. we have the foxnews.com automotive editor with sandy ace impact on car sales and overall industry check as well. great to see you. >> you too. lori: talk about sandy. we saw cars literally floating out to see. you automatically thought this would be a boon for the auto industry. what was your take? >> definitely helped. there were 200 to 250,000 cars destroyed. not quite that many were sold last month but played into the increase we saw to a certain extent. used car sales were not up as much. true car.com estimating 4%. lori: give the time of year i was reading that the storm and length of time on average people holding onto the cars is like 11 years is actually giving support to overall car prices. can you comment on that? >> yes. sales, transaction prices were up. so were incentives. so kind of balanced itself a little more. people are spending more on cars. shoving a
superstorm sandy having an impact as well. customers in the northeast headed to dealerships with insurance checks in hand giving them so-called wealth effect. we have the foxnews.com automotive editor with sandy ace impact on car sales and overall industry check as well. great to see you. >> you too. lori: talk about sandy. we saw cars literally floating out to see. you automatically thought this would be a boon for the auto industry. what was your take? >> definitely helped. there...
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we have learned that in our area with superstorm sandy. is there anything you can do locally to make a difference? do you have to wait for the president to give you money and declare this state or is there anything locally that can be done or privately? >> no. actually, i think federally is wre we're going to have to look to see a solution to this problem. that and t the sky for rain. we need this process of blasting these rock pinnacles to be expedited as fast as possible. we need more water to be released out of the missouri river and missouri river basin and we'll need more rain otherwise it will be huge economic impact to the american consumer. melissa: let's talk about that. besides the fact this is pretty astounding and a lot of us don't know it is going on it will ultimately impact us because if there are $7 billion worth of goods going through this area that has a domino effect to the rest of the country interms of prices. what could we expect to see in the rest of the country? >> i think what you can see as direct example is you h
we have learned that in our area with superstorm sandy. is there anything you can do locally to make a difference? do you have to wait for the president to give you money and declare this state or is there anything locally that can be done or privately? >> no. actually, i think federally is wre we're going to have to look to see a solution to this problem. that and t the sky for rain. we need this process of blasting these rock pinnacles to be expedited as fast as possible. we need more...
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the company is blaming superstorm sandy for its lackluster performance. republicans submitted their solution to the fiscal cliff yesterday. white house and other democrats dismissed it immediately. take a look at how that affected the market this morning. not at all. the dow is up 43. 13,000 is where we are. liz macdonald says we will see is a last minute deal, christmas eve, new year's eve, on the fiscal cliff. we shall see. next, a special early my take. i am fired up about the prospect of ambassador anna wintour. i couldn't wait for the normal time. i'm going to do it early. stay right there. and one of the most cited economists in the world. professor sargent, can you tell me what cd rates will be in two years? no. that's why ally has ia raise your rate cd.n. ally bank. your money needs an ally. stuart: california high taxes, strict green laws, a liberal supermajority in the statehouse, not exactly business friendly. that's why so many businesses are leaving. they are going to places like phoenix. so we're going to talk to the mayor of phoenix. greg s
the company is blaming superstorm sandy for its lackluster performance. republicans submitted their solution to the fiscal cliff yesterday. white house and other democrats dismissed it immediately. take a look at how that affected the market this morning. not at all. the dow is up 43. 13,000 is where we are. liz macdonald says we will see is a last minute deal, christmas eve, new year's eve, on the fiscal cliff. we shall see. next, a special early my take. i am fired up about the prospect of...
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sandy cuts into earnings by six cents. four square cracked the top three in mobile apps rankings. according to a report, the new york based software company landed behind only facebook and twitter in theerankings. that's the latest from the fox business network giving you the power to prosper. ♪ dennis: more out of egypt. protesters lighting fires, an estimated 50,000 marchers. roiters reported that president morsi left the palace in the face was protests, left the residence, and protesters broke through police lines, and pulled back after the tear gas. thousands protesting morsi's declaration giving him nearly unrestricted powers. cheryl: west coast minute. upddte on a story we followed for you. the ports of los angeles and long beach shut right now as clerical workers enter the second week of striking. ten of the 14 terminals are shut because dock workers refuse to cross the picket line. ships idling outside waiting to be cleared to enter with some diverted now to panama. the national retail companies asking the white
sandy cuts into earnings by six cents. four square cracked the top three in mobile apps rankings. according to a report, the new york based software company landed behind only facebook and twitter in theerankings. that's the latest from the fox business network giving you the power to prosper. ♪ dennis: more out of egypt. protesters lighting fires, an estimated 50,000 marchers. roiters reported that president morsi left the palace in the face was protests, left the residence, and protesters...
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superstorm sandy devastating parts of the east coast. it may have been just a category 1 hurricane, just a category 1 but remember, remember this warning from our very own janice dean? >> a million people could be affected by this storm. so people like, oh, it is a northeast storm. only a category 1. what is the big deal? no, this is an impressive storm. this is not just a tropical system as jenna mentioned. we have basically a hurricane inside a giant nor'easter for the record books. the lowest pressure on record at this latitude. so that is impressive. what pressure means, the lower it goes, the stronger the storm that we are dealing with. jenna: if you remember this but at that time when janice was giving us that forecast it was going back and forth. is it a hurricane, is it not a hurricane, is it a hurricane? now the national hurricane center is taking a lot of heat because it didn't issue hurricane watches and warnings. the center proposed changes to criteria for storm warnings for everybody because of this one storm on the east coa
superstorm sandy devastating parts of the east coast. it may have been just a category 1 hurricane, just a category 1 but remember, remember this warning from our very own janice dean? >> a million people could be affected by this storm. so people like, oh, it is a northeast storm. only a category 1. what is the big deal? no, this is an impressive storm. this is not just a tropical system as jenna mentioned. we have basically a hurricane inside a giant nor'easter for the record books. the...
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superstorm sandy may have devastated the town, but our next guest making sure that all kids get toys for christmas. i like this woman. an amazing venture you'll hear about after the break. ♪ i got you babe ♪ i got you baby er really wants that pink castle thing. and you realldon't want to pay more than you have to. only citi price rewind automatically searches for the lowest price. and if it findone, you get refunded the difference. just use your citi card and register your purchase online. have a super sparkly day! ok. [ male announcer ] now all youeed is a magic carriage. citi price rewind. start saving at citi.com/pricerewind. neural speeds increasing to 4g lte. brain upgrading to a quad-core processor. predictive intelligence with google now complete. introducing droid dna by htc. it's not an upgrade to your phone. it's an upgrade to yourself. woman: what do you mean, homeowners insurance doesn't cover floods? [ heart rate increases ] man: a few inches of water caused all this? [ heart rate increases ] woman #2: but i don't even live near the water. what you don't know about
superstorm sandy may have devastated the town, but our next guest making sure that all kids get toys for christmas. i like this woman. an amazing venture you'll hear about after the break. ♪ i got you babe ♪ i got you baby er really wants that pink castle thing. and you realldon't want to pay more than you have to. only citi price rewind automatically searches for the lowest price. and if it findone, you get refunded the difference. just use your citi card and register your purchase online....
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many left homes by superstorm sandy confronting fema officials. outraged victims say fema has left them to fend for themselves. that is despite president obama's promise to cut the red tape. we're joined by a man from the meeting. tom, i take it this gentleman was not the only one who was distraught with fema, is that right? >> of course. almost everybody at that meeting has different issues with fema, whether you lost your whole house and you have flood insurance or you don't have flood insurance. you know, that's where they're at. some people lost half their house, cars, you know. there's a lot of discrepancy in how fema lets out the money, you know. i can tell you stories where people, i know two people who had the same amount of damage, and one person, and they live on the same type of concrete slab, foundation house, right. and one person's floor is not their living quarters because they had three floors and one person's floor is their living quarters because there's only two floors. that person got 2000. she had like 8 inches of water in her
many left homes by superstorm sandy confronting fema officials. outraged victims say fema has left them to fend for themselves. that is despite president obama's promise to cut the red tape. we're joined by a man from the meeting. tom, i take it this gentleman was not the only one who was distraught with fema, is that right? >> of course. almost everybody at that meeting has different issues with fema, whether you lost your whole house and you have flood insurance or you don't have flood...
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. >>> superstorm sandy victims ripping into female. fema. ♪ [ male announcer ] you've reached the age where you don't back down from a challenge. this is the age of knowing how to make things happen. sowhy let erectile dysfunction get in your way? talk to your doctor about viagra. 20 million men already have. ask your doctor if your heart is healthy enough for sex. do not take viagra if you take nitrates for chest pain; it may cause an unsafe drop in blood pressure. side effects include headache, flushing, upset stomach, and abnormal vision. to avoid long-term injury, seek immediate medical help for an erection lasting more than four hours. stop taking viagra and call your doctor right away if you experience a sudden decrease or loss in vision or hearing. this is the age of taking action. viagra. talk to your doctor. can i still ship a gift in time r christmas? yeah, sure you can. great. where's your gift? uh... whew. [ male announcer ] break from the holiday stress. ship fedex express by december 22nd for christmas delivery. >> the
. >>> superstorm sandy victims ripping into female. fema. ♪ [ male announcer ] you've reached the age where you don't back down from a challenge. this is the age of knowing how to make things happen. sowhy let erectile dysfunction get in your way? talk to your doctor about viagra. 20 million men already have. ask your doctor if your heart is healthy enough for sex. do not take viagra if you take nitrates for chest pain; it may cause an unsafe drop in blood pressure. side effects...
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sandy. while lawmakers in new york and new jersey call it a good start. they add, it won't cover everything. peter doocy live with details. >> kelly, new york governor. rather new jersey governor chris christie and andrew cuomo initially asked washington for about 79 billion dollars to rebuild their states and they are now thanking the president for his 60.4 billion dollars commitment and the white house wrote a letter to congress yesterday that says these are funds necessary to finance a needed recovery effort and to help the the region prepare for future challenges, including future severe storms and coastal flooding, swells impacts associated with a changing climate. but, amid the debt debate in d.c., there are questions how easy it will be to get congress to write such a big check and speaker boehner's spokesman says we will review it and al rogers says it's up to congress to help those hurt by sandy, but also our responsibility during these tight budget times to make sure that the victi
sandy. while lawmakers in new york and new jersey call it a good start. they add, it won't cover everything. peter doocy live with details. >> kelly, new york governor. rather new jersey governor chris christie and andrew cuomo initially asked washington for about 79 billion dollars to rebuild their states and they are now thanking the president for his 60.4 billion dollars commitment and the white house wrote a letter to congress yesterday that says these are funds necessary to finance a...